00:45:55 Sorry for the dump yall 00:48:50 Moved to the memed version 00:49:56 Will come bigger promise 00:50:10 Will come back bigger promise 00:50:24 Will come back bigger and stronger promise 00:58:55 US government is adopting Bitcoin as the new reserve currency, and 100 years down the road when Bitcoin is dying off Monero will replace it after yet another power struggle between Congress and the Senate. The rest of the world will then follow suit lol 00:59:11 That is my guess anyway haha 01:31:54 I am with you there johndoe 01:32:23 I think bitcoin has a fungibility issue 01:32:50 Like, is a freshly minted bitcoin "better" than an old bitcoin? 01:33:00 It has no transaction history 01:33:03 Usually Jones_Felonious 01:33:07 that could mean something 01:33:20 This issue has been known for a while 01:33:48 I Actually really like how stable XMR has been during this big btc bubble 01:35:24 the only thing I'm worried about with XMR is the mining pools getting centralized 01:36:00 I've been thinking of running my miners on several different pools for this reason 01:36:29 dollar is goind down so no monero isn't stable 01:37:27 at the very least monero's price should offset dollar inflation 01:38:21 fair point though I think the USD isn't swinging too wildly right now just yet 01:39:33 well it isn't swinging - it just keeps going down 01:40:41 A freshly minted btc would show that youre probably rich 01:41:20 Jones, you should just think about a) solo mining b) p2pool 01:41:34 Avoid pools entirely 01:42:07 I was thinking of solo mining but I need to build a new computer 01:42:46 Get a beast of a CPU and just keep it in my basement mining 01:43:43 I use supportxmr right now once I can get my money out I'll probably migrate to p2pool 01:45:56 So you use one of the 2 largest pools, lolz 01:46:27 Youre part of the problem 01:47:09 You dont need a beast cpu to solomine, you just need patience 01:47:54 you can use a remote node, tho a localnode is probably better 02:08:07 Well when I get back to my place I'll set it up to solo mine I think 03:29:22 Never happening. 03:36:56 Bitcoin is one of the most successful cons in history, surpassing even cases like Enron and Bernie Madoff's Ponzi schemes. I'm unsure whether it's due to a lack of understanding about its history or the influence of those who manipulate its price. If Bitcoin were to become the US reserve currency, it will grant significant control over the country to individuals and entities that 03:36:57 collectively own a substantial portion of its supply, such as OG Bitmain and other major whales. 03:50:10 Someone doesn't read the news much 🤭 03:50:51 Take everything politicians say with a grain of salt. 03:52:00 ... it isn't just the lying conmen in office mate.. 03:52:10 They're all in it together 03:52:17 Remember 2020 when they told us so? 03:52:19 lol 03:52:51 And, regardless, I'll trust my forecasts over what I read in the news 03:53:09 I just find it funny the MSM is reporting what I forecasted 5 years prior 03:54:39 Every time Bitcoin experiences a parabolic surge from blatant manipulation, I see exaggerated claims and unrealistic predictions emerge. However, history has shown that these claims are often fleeting, as the market inevitably corrects itself. You are being played by whales like GCR who make money from retail fools. 03:55:11 By the way, #monero-markets:monero.social is more appropriate for this discussion. 03:57:10 lmfao okay buddy 03:57:27 I reported when btc was at 3500 EUR each lol 03:57:36 Love your ego and then deflection. 03:57:43 I have nothing more to comment on anyway 03:57:57 Was just sharing a thought 03:58:12 You carried on into a pointless ego driven debate 03:58:14 Yes and the thought was rong. 03:58:18 Yes and the thought was wrong. 03:59:31 .... Trump is that you? 03:59:39 heh 04:00:28 I couldn't care less about politics. To be honest, I was just correcting your claim that Bitcoin would become the reserve currency for the US - it's highly unlikely to happen. 06:05:49 I kinda doubt that this crypto hype would mean guaranteeing safety for projects like Samourai or Localmonero, or stopping government usage of Chainalysis. 07:26:15 No absolutely not 07:30:51 Okay, well there seems to be a lot of momentum in that direction in recent years and it plays directly into the agenda of BRICS which is flowing along swimmingly. Anyway, agree to disagree, but I have been watching the world get closer and closer to using crypto to replace the US dollar. The only logical solution would be for the US government to officially announce Bircoin as the 07:30:51 new reserve currency at some point. Else another country will try to do so and dominate (as even Trump mentioned would be the case with China.) This is totally off topic now, but I suggest looking into how BRICS has very rapidly been shifting away from the US dollar as a reserve already and will continue to do so well into the future. Then use some critical thinking skills to fig 07:30:53 ure out the next logical moves major world governments must make... 07:30:55 Meh. 07:31:19 > <@googlemozilla:matrix.org> I couldn't care less about politics. To be honest, I was just correcting your claim that Bitcoin would become the reserve currency for the US - it's highly unlikely to happen. 07:31:21 Okay, well there seems to be a lot of momentum in that direction in recent years and it plays directly into the agenda of BRICS which is flowing along swimmingly. Anyway, agree to disagree, but I have been watching the world get closer and closer to using crypto to replace the US dollar. The only logical solution would be for the US government to officially announce Bitcoin as the 07:31:23 new reserve currency at some point. Else another country will try to do so and dominate (as even Trump mentioned would be the case with China.) This is totally off topic now, but I suggest looking into how BRICS has very rapidly been shifting away from the US dollar as a reserve already and will continue to do so well into the future. Then use some critical thinking skills to fig 07:31:25 ure out the next logical moves major world governments must make... 07:31:27 Meh. 07:31:44 > <@googlemozilla:matrix.org> I couldn't care less about politics. To be honest, I was just correcting your claim that Bitcoin would become the reserve currency for the US - it's highly unlikely to happen. 07:31:45 Okay, well there seems to be a lot of momentum in that direction in recent years and it plays directly into the agenda of BRICS which is flowing along swimmingly. Anyway, agree to disagree, but I have been watching the world get closer and closer to using crypto to replace the US dollar (then eventually a better crypto of course.) The only logical solution would be for the US gove 07:31:47 rnment to officially announce Bitcoin as the new reserve currency at some point. Else another country will try to do so and dominate (as even Trump mentioned would be the case with China.) This is totally off topic now, but I suggest looking into how BRICS has very rapidly been shifting away from the US dollar as a reserve already and will continue to do so well into the future. T 07:31:49 hen use some critical thinking skills to figure out the next logical moves major world governments must make... 07:31:51 Meh. 07:33:27 Switch to Offtopic if you want to carry on. Been following this for some time now. Half a decade or so very closely, but have obviously been very attentive since 2009 when Bitcoin was a wee little baby hovering around 10 USD a piece lol 08:02:35 your goto place to buy xmr for fiat? 08:03:15 used to be kraken, now https://haveno-reto.com 08:04:26 lt see good 08:05:38 I'm still using Kraken, but would love to use haveno other p2p, which p2p solution is simpler to use? 08:13:52 I wouldn't even think of surrendering my ID for this... 08:29:14 haveno is pretty simple if you have a computer and a little XMR 09:05:22 how long it takes to change fiat($ or Euro) for xmr? 09:05:31 *on haveno 09:08:40 depends on if the other person is there 09:08:59 if both are online you can be done within 30 minutes 09:25:00 So similar to LocalMonero? 09:38:08 ye 09:38:43 But decentralized and you do need a bit of Monero for an initial trade. 09:39:24 BlueyHealer: thanks, I have some monero 09:40:07 I do too, so Haveno would be a legit option for me if I lose contact with the person I buy from now)) 10:01:27 yeah, it works well 18:36:34 ⚠️ FYI. Today @ 20:00 CET is the first public ticket sale for 38c3! 19:01:27 ah there we go, can use this instead of IRC nice. 19:46:45 hi - ive got about 1.7Mh's of miners right now, most of which have 96 cores/250gb RAM. i heard that with proper hardware, setting a starting difficulty in my mining config can increase overall mining efficiency. is this true? and how can i determine the right starting difficulty for my miners based on their hardware? 19:46:52 mh/s * 19:47:41 No 19:49:30 setting a lower difficulty just help "keepalive", but also wastes more cpu/bandwidth on sending worthless packets. The only difficulty that if useful is difficulty that finds blocks 19:50:06 That being said, i set difficulty to ~1/3-1/2 of the network difficulty 19:50:37 i mean setting a custom difficulty for miners. im under the impression that 1) the jitter from auto difficulties from pool reduces efficiency and 2) when you have high-end hardware, setting a higher starting difficulty can increase share rate 19:51:17 1. Yeah. 2. Yeah, set difficulty high 19:51:50 Dont waste time on shares that arent finding blocks. 19:52:30 With 1.7mh, you should solomine 19:53:09 Cost less, more private 19:53:26 can i with xmrig? 19:53:58 how do i learn more about solo mining? right now i cant run my own full xmr node - if thats a requirement 19:58:04 when i tried running my own node on ubuntu, it started to sync with an ETA of 2mo. after 8-10 hours, the sync process would get aborted. i tried various preferred/nearby nodes too 20:02:06 That sounds strange. What kind of system was that? A full computer, or something like a Raspberry Pi? 20:02:22 cloud vm with 64vcpus and 128gb ram 20:02:26 i can try again 20:03:18 Imagine such a system, everything else in order, could not reasonably sync Monero from scratch. We would probably have 5 nodes in the whole network :) 20:03:37 ? 20:04:23 How is a machine with 1gbps up/down on a major public cloud provider, with 64cores and 128gb, and SSD storage, unable to sync? 20:04:58 There must be a problem somewhere, I want to say. Can't be that 128 gb RAM is not enough, per se, and you need e.g. 256 gb. That's clearly absurd. 20:05:11 (It was kind of ironic / sarcastic) 20:05:34 my home network has 20mbps uplink - but i could reasonably run a node there and point my cloud vms to it. would that work in your opinion? 20:06:34 I think so, yes. And of course syncing and running a node on the cloud machine you described first should be no problem at all. 20:06:57 alright trying again 20:07:27 I have no idea right now, from the info at hand, where the problem could be. Usually the Monero daemon is quite an easy-going piece of software and copes with almost any reasonable system 20:08:07 I had it syncing on a 10 year old notebook with a harddisk a.k.a "spinning rust" 20:08:37 Took a few days however 20:09:05 Sync timr of w months is likely an hdd 20:09:15 Yes you can solomine with xmrig 20:09:55 It aborting is due to a runaway spans bug 20:10:25 spiffyhippo: damn that's nice hashrate 20:10:26 Nvm. 128gb ran doesnt make sense for the runaway bug 20:10:30 what machines do you have? 20:10:52 Yes, you can run a node at home and point your vms to it 20:11:17 how much storage space does an xmr node realistically need? 20:11:42 spiffyhippo: 250 GB 20:11:54 k4r4b3y mix of epyc cpus and some ARM silicon. the ARM ones actually do fantastic. all running ubuntu 22.04 20:12:03 damn 20:12:19 I would like to see your setup sometime, will you post pics somewhere, a blog maybe? 20:13:03 unlikely 20:13:05 privacy 20:13:10 understandable 20:13:38 https://i.imgur.com/v7QTXqu.png 20:13:40 do you think there are efficiency gains to be chased when switching to a lighterweight distro than ubuntu? 20:13:51 like debian, or maybe guix for reproduceability 20:14:04 i have no idea but tbh i dont want to go redeploy 66 VMs just yet lol 20:14:18 gonna see if i can get this xmr node working/syncing and evaluate solo mining first 20:14:23 yeah 20:14:24 godspeed 20:15:40 spiffyhippo: https://karapara.kyun.li/wiki/monerod/monerod_basic_qubes_whonix_setup_en/ 20:15:56 I wrote this monero node setup guide for qubes whonix, but you might also find it useful for setting one on ubuntu 20:17:51 Node = 85gb 20:18:05 Dont need a full node for mining 20:19:01 you can use xmrig-proxy and then point all of your miners to xmrig-proxy 20:19:18 Xmrig > xmrig-proxy > node 20:19:51 is this the right cmd? ./monerod --limit-rate 999999 --db-sync-mode safe --restricted-rpc --rpc-bind-ip 0.0.0.0 --rpc-bind-port 18081 --confirm-external-bind --public-node 20:19:58 okay this is going SO much faster than my first attempt 20:19:59 syncing now 20:20:48 Nah 20:20:53 Do.. 20:23:02 `./monerod --in-peers 64 --out-peers 32 --rpc-restricted-bind-ip 0.0.0.0 --rpc-restricted-bind-port 18089 --zmq-pub=tcp://0.0.0.0:18083 --enable-dns-blocklist` 20:23:45 https://zerobin.net/?5b011563969a00be#AUtLJu7fQaVugEX/2JrPckO58wkn2/ONi8IU/xa51y8= 20:23:47 then add this to xmrig-proxy's config 20:24:38 https://github.com/xmrig/xmrig-proxy/blob/master/src%2Fconfig.json heres xmrig-proxy's standard config 20:26:25 You can add `--prune-blockchain` to monerod startup if you want to use ~85gb instead if 200+ 20:27:45 ty 20:32:40 m-relay how significant are the efficiency gains from using a non-Ubuntu OS? 20:35:53 how can i add a custom difficulty to this solo mining cmd? `./xmrig -o :18081 -a rx/0 -u WALLET_ADDRESS.` 20:36:31 spiffyhippo: I don't have a number, but main gains supposed to be on the RAM-usage side. 20:37:48 gotcha 20:38:12 `./xmrig-proxy -c config.json` 20:38:32 https://zerobin.net/?5b011563969a00be#AUtLJu7fQaVugEX/2JrPckO58wkn2/ONi8IU/xa51y8= 20:38:50 Save this config file https://github.com/xmrig/xmrig-proxy/blob/master/src%2Fconfig.json 20:38:57 ty 20:39:04 And replace the "pools" section with that from the zerobin 20:39:48 Then from each miner, its `./xmrig -o addressOfXmrig-proxy:3333` 20:40:16 why 3333? i opened ports 18080 and 18081 20:40:28 or its a diff rpc endpoint? 20:41:19 3333 is the default xmrig-proxy port 20:41:33 Xmrig > xmrig-proxy > node 20:41:45 ahhhhh 20:41:47 i see